All Forum Posts by: Douglas Skipworth

Good point, @Alexander Szikla.  I think James was saying that landlords in Memphis can add tenant-caused damage to the tenant ledger, which means the tenant has to pay it before they leave. If the tenant leaves without paying it, then that outstanding balance can be collected from the security deposit or in a worst case from a judgment.  

Maybe James is saying something different, but that's how I interpreted it.

Another good episode, @Richey Ward. James is a veteran landlord in Memphis. I know he's seen it all.

Thanks to you and CoreLend for putting out such a wide variety of investor topics. They're great!

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

CoreLend Financial and CrestCore Property Management host an investor meet up a couple of times each month.  You're invited!

If you want to learn more about trends in our market (or about buy and hold, fix and flip, SFR, turnkey, small multifamily, or hard money loans in Memphis), please check out our podcast on YouTube, TikTok, Instagram, Apple Podcasts, etc. Each week, @Dean Harris and I cover it all!

Special thanks to show sponsors CoreLend Financial and CrestCore Realty and to our buyers agent @Allie McAlister!

It's been a while since I read it cover to cover, but I'm pretty sure one the big takeaways from Millionaire Real Estate Investor (by Gary Keller) is (1) know value, (2) find opportunities, and (3) make deals.  

Just like you're saying, @Richey Ward, knowing how to assess a property's value is hugely important.  

Thanks for the link to the CoreLend blog post. It's a good one.

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

Another good episode @Richey Ward. I know James is one of the kings of Section 8 in Memphis.  He definitely knows the ins and the outs of the program.

Thanks to you and CoreLend for putting out such a wide variety of investor topics.  They're great!

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

This is a great episode, @Richey Ward.  It's really helpful to hear directly from investors who are actually investing in the Memphis market.  Thanks for posting (and sharing so much good info). 

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

That's a great offer, @Richey Ward!

I love to see 2 of our show sponsors working together to help Memphis real estate investors.

Also, if you need to buy your property first (before you refinance it with CoreLend), be sure to contact CrestCore Realty's @Dean Harris and @Allie McAlister.  They help investors buy property in Memphis all day, every day.

(Full disclosure, I am one of the founders of CoreLend and CrestCore and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate.)

Buying property out of state can be scary.  Be sure to connect with a team that is fully capable of making it easy for you.  That's exactly what @Dean Harris and his team at CrestCore Realty do for their clients investing in Memphis. 

If you want to learn more about trends in our market (or about buy and hold, fix and flip, SFR, turnkey, small multifamily, or hard money loans in Memphis), please check out our podcast on YouTube, TikTok, Instagram, Apple Podcasts, etc. Each week, Dean and I cover it all!

Special thanks to show sponsors CoreLend Financial and CrestCore Realty and to our buyers agent @Allie McAlister!

Good post, @Richey Ward. I usually prefer for my deals to stand alone, but I have offered to have my loans cross-collateralized with lenders before when the opportunity makes sense for the deal.  As you mentioned, it's a nice tool to have in the tool belt, especially when you want to move quick.

(Full disclosure, I am one of the founders of CoreLend and they are a sponsor of our weekly Memphis podcast, The Investor's Guide to Memphis Real Estate with @Dean Harris of CrestCore Realty.)

@Allison Nabushosi,  The Retro Memphis looks amazing!  I love the reviews.  Thanks for developing such a cool place in Memphis.  It's only 1 mile from my house, but I'm tempted to do a staycation there.  Good luck with the sale.

PS - I hope you use the proceeds of the sale to do this again here!